USA: Burlington Lowers Earnings Outlook
Burlington Industries, Inc (NYSE: BUR) said today that it expects its earnings for the second half of the fiscal year (ending September) to be approximately 50% below analysts' current estimates, which average $0.46 per share for the June and September quarters combined. This is the result of weaker sales in the PerformanceWear segment and a slowdown in shipments of consumer products from the interior furnishings segment.